Cement News tagged under: india
Wonder Cement signs MSW MoU18 September 2017, Published under Cement NewsIndia-based Wonder Cement has signed a memorandum of understanding (MoU) with the municipal council of Pratapgarh, Uttar Pradesh, regarding the use of municipal waste to fuel its cement kiln. According to the MoU, the council will arrange door-to-door waste collection, waste segregation and will transport the dry and plastic waste to the cement producer’s cement works in Nimbahera to be used as alternative fuel. “The primary environmental benefit of solid waste fuel comes from the red... |
Floods and sand shortages force cement price cut in northern India15 September 2017, Published under Cement NewsCement producers in northern India are forced to cut cement prices by INR2-3 (US$0.01-0.03)/50kg bag every week due to lower demand, particularly in flood-prone states such Uttar Pradesh, Bihar and West Bengal as an acute sand shortage hits the market. Due to floods, sand recovery is not possible and in Uttar Pradesh, sand mining is completely banned, according to one official quoted in My Digital FC. In addition, the heavy rains in eastern Uttar Pradesh, Bihar and West Bengal have impact... |
Emami plans to lift capacity to 6Mta14 September 2017, Published under Cement NewsEmami Cement Ltd plans to raise its total production capacity to 6Mta as its 2Mta plant being set up in Odisha's Jajpur district is likely to be commissioned by March 2018. Presently, Emami Cement is producing 60 per cent of the current total cement capacity of 4Mta through its clinker plant in Chhattisgarh and the grinding unit at Panagarh in West Bengal, Vivek Chawla, CEO of Emami Cement Ltd, told reporters. By March 2018 these two units target to achieve the operational production c... |
Sanghi Cements plans floating cement terminal12 September 2017, Published under Cement NewsSanghi Cements is considering setting up a floating terminal at Kochi Port as part of expanding its coastal movements to south Indian markets. A team from the company is scheduled to travel to Kochi to firm up plans on the project. Once the project becomes operational, Kochi Port will be the first major port in the country to have a floating cement terminal,” AV Ramana, deputy chairman of the port, said. Sanghi Cements has similar facilities in the minor ports of Kutch and Navlakhi in Gujar... |
Star Cement looking to increase capacity05 September 2017, Published under Cement NewsStar Cement is reportedly looking to expand its clinker and cement capacity in India by investing in greenfield and brownfield projects. The Century Plyboards (India) Ltd subsidiary is planning to set up 1.5-2Mta cement grinding unit at Siliguri in West Bengal and aims to double its clinker manufacturing capacity at Lumshnong in Meghalaya to 5Mta in the next three years, according to local press. While its greenfield cement grinding unit will entail an investment of INR200-300 crore, the e... |
Emami expects to break even in FY16-1701 September 2017, Published under Cement NewsIndia-based Emami Cement expects to break even by the end of FY17-18 and bank a profit by the next financial year. The company’s bottom line will be driven primarily by value and volume of sales, according to Vivek Chawla, wholetime director and CEO. Emami’s top line is forecast to expand to INR14bn-15bn (US$218.9m-234.5m) by the end of the current fiscal if sales of 3.2Mt are achieved. This sales volume represents 80 per cent of its 4Mta total installed capacity. “Usually cement compani... |
Jaiprakash Associates to sell stake in Bhilai Jaypee cement01 September 2017, Published under Cement NewsJaiprakash Associates has decided to sell its entire 74 per cent stake in Bhilai Jaypee Cement to Orient Cement for INR14,500m (US$226.6m), while raising another up to INR20,000m by issuing securities. The transaction is expected to be completed by 2017-end, the company said in a notice to shareholders for AGM to be held on 23 September 2017. The company aims to reduce its debt and fulfill its working capital requirements with this action. Bhilai Jaypee Cement owns a 1.1Mta clinker pla... |
Monthly advance in Pakistan export revenues30 August 2017, Published under Cement NewsPakistan's cement export revenue during July 2017 increased by 25.02 per cent compared to the previous month but declined by 0.94 per cent on YoY basis, according to data released by the country's Federal Bureau of Statistics. A breakdown of the figures reveals that the country exported 428,489t of cement with revenues of US$22.51m in July 2017 compared to 349,430t at US$18.01m in June, 2017. This translates into a rise of 22.63 and 25.02 per cent in volume and value terms, respectively. ... |
Proposed ban of petcoke import not to apply to cement industry25 August 2017, Published under Cement NewsIndia’s Environmental Pollution Control Authority (EPCA) is determined to get a ban on petcoke import, although the ban would not apply to the cement industry, according to Sunita Narain, green activist and member of the EPCA. "We have recommended a ban on petcoke import into India and we have recommended a ban on the use of petcoke in all industries other than cement," Ms Narain said. The Supreme Court-appointed EPCA has pitched using India's own domestic petcoke in the cement indus... |
Prism Cement appoints Manish Bhatia as CFO22 August 2017, Published under Cement NewsIndia-based Prism Cement has appointed Manish Bhatia as chief financial officer following the resignation of Pramod Akhramka. Mr Bhatia has more than 20 years of experience in the core fields of accountancy as well as finance and commercial activities as well as other areas regarding mergers and acquisitions, due diligence, strategy, ERP, etc. |